Japan Q1 Capital Spending: +3.4% y/y (vs. expected +3.1%)

Capex data from Japan for the January to March quarter of 2018

Capital Spending +3.4% y/y for a headline beat but down from Q4 of 2017

• expected +3.1%, prior was +4.3%

Capital Spending excluding software +2.1% y/y

• expected +3.8%, prior was +4.7%

Also, sales and profits data (again for Q1)

• Company profits +0.2% y/y, expected -3.6%, prior was +0.91% … a beat
• Company sales+3.2% y/y , prior was +5.9%

Not a big yen mover upon release normally. As a piece of background info on the economy though its a positive and thus marginally yen positive.